STOCKTON-ON-TEES Borough Council is reminding people to think carefully about how they will cover the cost of Christmas.
Taking out a pay day loan, buying goods and gifts from a rent to own provider or approaching a loan shark to pay for Christmas can mean paying high interest rates and fees which can leave people struggling financially well into the New Year.
Your Community Bank, Tees Credit Union is conveniently based on Stockton High Street and has a variety of safe saving accounts and affordable cash loans with manageable interest rates on offer to help with additional costs over the festive period.
Councillor Steve Nelson, Stockton-on-Tees Borough Council’s Cabinet Member for Access, Communities and Community Safety, visited the branch to find out about the help and services on offer as well as the bank’s new website. He said: “We all want to enjoy ourselves at Christmas – to treat our friends, families and loved ones but using pay day lenders or high interest loans can leave you paying over the odds.
“Based on Stockton High Street, it couldn’t be easier to privately discuss your money matters with the friendly staff face to face and they will be able to suggest ways in which they can help to keep your finances healthy. The new website also allows people to become a member, access their account and apply for a loan online.”
Tracey Rix Mason, Chief Officer at Tees Credit Union Limited, said: “Being worried about money can cause anxiety, depression and problems within families, relationships and at work. If you are worried how you are going to meet the cost of Christmas or would like some savings advice we offer products to suit every budget and for our instant cash loans we do not charge administration, early repayment fees or add insurance costs to our loans unlike high cost lenders.
Your Community Bank is based in the Love Stockton shop at 111 High Street. It is open from 10am to 3pm Monday to Friday. For more information about the services they offer visit www.teescreditunion.co.uk or telephone 01642 941911.